CNP Assurances issues different types of subordinated liabilities that are an important component of its capital management policy. The Group's financial flexibility is based on the strong track record of access to debt capital markets. CNP Assurances constantly seeks to diversify its investor base in terms of geographical areas and currencies, as evidenced by the bonds issued in EUR, USD and GBP.
Finally, CNP Assurances has issued its inaugural green bond in November 2019.

The Group regularly adjusts its capital structure taking into account growth prospects in Europe and Latin America, Solvency 2 capital requirements, Moody’s and Standard & Poor's rating agencies criteria and the opportunities offered by capital markets.
 

Restricted Tier 1 transaction – March 2021

Download CNP Assurances Restricted Tier 1 Investor Presentation

Green Bond

Green Bond
CNP Assurances' green bond framework PDF
Vigeo Eiris's second party opinion on the green bond frameworkPDF
Green bond investor presentation november 2019PDF
Green bond - 2019 Annual reportPDF
Green bond - 2020 Annual reportPDF
Green bond - 2021 Annual reportPDF

 

Subordinated liabilities issues

To read the main features of the subordinated liabilities issued by the CNP Assurances group, please download the document below. For more details, please refer to the latest annual report.
Download the table of subordinated liabilities issued by CNP Assurances

Subordinated liabilities redeemed

To read the main features of the subordinated liabilities redeemed by the Group after supervisor approval, please download the document below.
Download the table of subordinated liabilities redeemed by CNP Assurances

 

EMTN Programme 2021 

EMTN Programme 2021
Universal registration document 2020PDF
Base prospectus 2021PDF
1st supplement (2022-01-18) to the 2021 base prospectusPDF

EMTN Programme 2020

EMTN Programme 2020
Universal registration document 2019PDF
Base prospectus 2020PDF
1st supplement (2020-11-25) to the 2020 base prospectusPDF

EMTN Programme 2018

The base prospectus of the €7 billion Euro Medium Term Notes programme received visa from the Autorité des marchés financiers on 21 December 2018.

EMTN Programme 2018
Base prospectus 2018PDF
Reference document 2018PDF
1st supplement (2019-06-06) to the 2018 base prospectusPDF
2nd supplement (2019-06-20) to the 2018 base prospectusPDF
3rd supplement (2019-06-28) to the 2018 base prospectusPDF
4th supplement (2019-11-15) to the 2018 base prospectusPDF